The distribution of income and wealth in colonial America was
(a) relatively equal to that of modern America.
(b) relatively unequal to that of modern America.
(c) unequal in roughly the same degree as that in modern America.
(d) unequal, but the data are not good enough to allow a comparison with modern America.
(c)
Economics
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The Bureau of Labor Statistics counts a member of a surveyed household as an adult if that person is at least
a. 14 years old. b. 16 years old. c. 18 years old. d. 21 years old.
Economics
Assuming price elasticity of demand is reported as an absolute value, a price elasticity of demand greater than one indicates demand:
A. for the good is elastic. B. for the good is inelastic. C. for the good is unitary elastic. D. cannot be determined without more information.
Economics